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QNB Group announces the completion of its highly successful debut US Dollar bond amounting to US$1.0 billion under its Euro Medium Term Note Program

- QNB notes issued at a coupon rate of 3.375%, among the lowest in the region for an issue at this size.
- Strong participation from investors around the globe.

QNB Group announced the successful completion of its debut US Dollar bonds issue under its Euro Medium Term Note Program in international capital markets on 14 February 2012, amounting to US$1.0 billion with a five year maturity and a coupon rate of 3.375%.  This highly successful Reg S issue clearly reflect investors’ high confidence in QNB Group’s financial strength and its future plans.

The final order book showed both quantity and quality with some of the most prestigious institutional investors participating. Strong interest from investors reflecting almost 5 times over-subscription, and comprising more than 270 investors globally. The notes net proceeds will be utilized for general purposes of the bank.

The issue was arranged and offered through a syndicate of Joint Lead Managers comprising Barclays Capital, Citigroup, HSBC, QNB Capital and Standard Chartered Bank.


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